The Relative Strength (RS) Rating for Balchem moved up into a higher percentile Thursday, as it got a lift from 68 to 71.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Balchem can continue to show renewed price strength and hit that benchmark.
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Balchem is trying to complete a flat base with a 186.03 buy point. See if the stock can break out in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 3% to 9%. Revenue rose from 1% to 4%.
The company holds the No. 7 rank among its peers in the Chemicals-Specialty industry group. Air Products & Chemicals, Cabot Corp and Luxfer Holdings are among the top 5 highly rated stocks within the group.
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